Local Chinese semi-finished steel prices move on diverse trends

Tuesday, 16 July 2019 14:37:52 (GMT+3)   |   Shanghai
       

During the week ending July 16, Chinese domestic semi-finished steel prices have moved on diverse trends, with the largest increases in billet prices seen in Fuzhou and with slab prices in Tangshan also moving upwards, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, semi-finished steel supply has been in short supply in China due to production cuts made within the scope of environmental protection measures. Meanwhile, iron ore prices have continued to move at high levels, bolstering semi-finished steel prices. However, demand has not improved due to the rainy weather and high temperatures. It is thought that semi-finished steel prices in China will likely just indicate minor fluctuations in the coming week.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,650

530

0

Jinzhong

3,650

530

0

Fuzhou

3,730

541

↑100

Jiangyin

3,760

546

↓20

Average price

3,698

537

↑20

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,750

544

0

Jinzhong

3,750

544

0

Fuzhou

3,830

556

↑100

Jiangyin

3,880

563

↓20

Average price

3,803

552

↑20

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,660

531

↑20

 

All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.

$1 = RMB 6.87

 


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